Budget Matters Blog

Category: Budget Process


A “Depression” by Any Other Name

President Harry Truman once said, “It's a recession when your neighbor loses his job; it's a depression when you lose yours.” And while economic experts may tell us that the current recession ended in June 2009, for almost 15 million Americans, this is still a depression.According to the September 2010 ...

Obion, Tennessee: the story of Gene Cranick and an un-paid fire fighting fee

On the afternoon of September 30, a fire destroyed Gene Cranick's home in Obion County, Tennessee. The fire department was on-hand before the fire became un-controllable, but didn't move to extinguish it. It turns out, firefighters arrived because Mr. Cranick's neighbor paid his annual rural fire service fee guaranteeing his ...

Deficit? What’s a Deficit?

The Merriam-Webster dictionary defines “deficit” to mean “a deficiency in amount or quality.” When it comes to the federal budget “deficit,” it’s specifically about the amount of money in the U.S. Treasury.Each year, money comes into the Treasury as revenues from such things as individual and corporate income taxes, payroll ...

Serving up a Discretionary Budget Pizza The first slice for Bangor, Maine

In the last couple of years it's become strikingly clear that the majority of people in the United States do not know where or how their federal tax dollars are spent. As a result, they feel disengaged from both the personal and societal impacts of federal spending and believe they ...